Climate Governance Post Bali: Signs of Hope
DOI link for Climate Governance Post Bali: Signs of Hope
Climate Governance Post Bali: Signs of Hope book
The nature of global governance on climate change is unprecedented. The number of actors engaged, consistently, over long periods of time, in the domestic and international context is rapidly multiplying and substantial. Climate change governance has also evolved incredibly rapidly from a historic point of view. With five yearly assessment reports provided by the Intergovernmental Panel on Climate Change (IPCC) since 19902, the adoption of the United Nations Framework Convention on Climate Convention3 in 1992 and the Kyoto Protocol4 in 1997, and annual meetings of the Parties to these treaties, to culminate year long work undertaken by
the secretariat and the subsidiary bodies, the density of rule making is immense. The nature of the rules is unprecedented. Highly formalised market-based instruments are being institutionalised in a way that stock markets take note of what is happening within the context of climate change.